American Century Companies Inc. Lowers Stake in XPO, Inc. (NYSE:XPO)

American Century Companies Inc. lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 726,404 shares of the transportation company’s stock after selling 158,706 shares during the quarter. American Century Companies Inc. owned approximately 0.62% of XPO worth $95,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Commerce Bank bought a new stake in shares of XPO in the 3rd quarter valued at about $210,000. Dynamic Technology Lab Private Ltd boosted its stake in XPO by 7.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 8,279 shares of the transportation company’s stock valued at $890,000 after acquiring an additional 576 shares in the last quarter. Independent Advisor Alliance grew its holdings in XPO by 3.0% in the third quarter. Independent Advisor Alliance now owns 24,170 shares of the transportation company’s stock worth $2,599,000 after purchasing an additional 693 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of XPO during the third quarter worth $257,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at XPO

In related news, COO David J. Bates bought 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

XPO Price Performance

Shares of NYSE XPO opened at $112.64 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $128.09 and its 200-day simple moving average is $129.71. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Oppenheimer boosted their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stephens restated an “overweight” rating and set a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Barclays decreased their price objective on shares of XPO from $165.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. upped their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $158.47.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.